North Sea oil news

The work programme is scheduled to last approximately four months and to start the process of converting approximately 100 million boe (gross) of 2C resources into 2P reserves.

ICR will provide engineered composite repairs and weldless connectors for all of Shell's UK Continental Shelf assets.

Equinor and Ardyne are jointly funding the £1 million project, which will aim to develop a well decommissioning technology that will reduce the economic and environmental impacts of slot recovery and decommissioning.

The Zennor portfolio adds circa 40 million boe of reserves and more than 90 million boe of un-risked resource in the UK Continental Shelf to NEO.

The Kobra East & Gekko field, located in the Alvheim area of the North Sea, is operated by Aker BP.

The added well intervention scope has a firm duration of 31 days, which means that the Maersk Intrepid rig is now contracted until February 2022.

The UK Oil and Gas Authority’s 2021 Decommissioning Cost Estimate has revealed steady progress towards a £39 billion by end-2022 target – but makes it clear that the industry must maintain the pace of cost-cutting.

Equinor has concluded the drilling of wildcat well 31/11-1 S, the first exploration well in production licence 785 S.

Petrofac will continue to provide operations and maintenance services for Neptune Energy's Cygnus Alpha platform in the Southern North Sea for another three years.

The company is using Kongsberg Digital’s digital twin technology to create a virtual representation of the Ormen Lange deepwater gas field.